This may be a tough topic to talk about for some parents with kids. Some people may have not ever thought about not putting your kids in their Will. But their may be good reasons why some kids may not be in their parents will.
I recently read about Shaq and his kids. He said that his kids needed two degrees to be in the will. There was not going to be any free bread (Money) if they didn’t get two degrees. One was a B.A. and the others a Masters I believe. After reading that it got us thinking more about our Will.
We review our Will each year. Also, we had to get a new Will when we moved from Minnesota to Arizona also. Our Lawyer said it helps to have the Will from the state you live in.
We both liked what Shaq said for his Will when dealing with his kids. We said why not also add another important part also. We said we would like them to get a Masters Degree in an area that they want to go for. But if they get a B.A. or a degree from a Technical School that will work also. Since there are so many jobs that pay well that don’t have enough people qualified for like Electricians, Plumbers and HVAC.
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We are not going to give our kids any assets or money if they can’t make time for us in their lives. Do you have anything in your Will that your kids must do to qualify for Assets or Money?
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